P is for Profit

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Summary

Do you want to sell your business someday? Or, pass it on to the next generation? Do you fear it might just shut down when you leave? If you’re already profitable and thriving, you’re moving in the right direction. But it might surprise you to learn that it’s not enough. As business coach and consultant Christian Muntean says, “A profitable business isn’t necessarily attractive to a potential investor.”

Show Notes

Do you want to sell your business someday? Or, pass it on to the next generation? Do you fear it might just shut down when you leave?
 
If you’re already profitable and thriving, you’re moving in the right direction.
 
But it might surprise you to learn that it’s not enough. As business coach and consultant Christian Muntean says, “A profitable business isn’t necessarily attractive to a potential investor.”
 
Only when the business can take the next step– and only the owner can do this– will it be one of the only 20% to 30% of businesses that actually sell successfully or thrive when passed on to new owners.
 
For Baby Boomers, with retirement around the corner, this is especially pressing. That’s why Christian’s wisdom on this topic is a must-listen for anyone considering a transition now or in the future. 

Tune in for details, including... 
 
  • The business model investors are attracted to
  • Fostering trust and respect in the workplace
  • How employees respond to different types of leaders
  • Why you’re sabotaging your efforts to hire the best team
  • And more

What is P is for Profit?

Small business is crazy competitive and too often profits are razor-thin. However, some people are bringing home big, bankable profits. Adam Lean, small business veteran and founder of TheCFOProject.com interviews top small business experts to uncover the secrets to building a profit-focused company. Along the way, he'll break down all the complex finance stuff and make it simple and easy to understand so you can be a better business owner and own a more profitable business. Watch the on-demand video seminar: "Why Your Small Business Might Not Be as Profitable as it Should Be" at theCFOproject.com/video.